If John Consumes Only Two Goods,A and B,and He Is

question 111

Multiple Choice

If John consumes only two goods,A and B,and he is maximizing his utility subject to his budget constraint,

• A)MU_A/MU_B is at a maximum.
• B)MU_A/MU_B equals the ratio of the total utility of A to the total utility of B.
• C)MU_A/MU_B equals 1.
• D)MU_A/MU_B equals zero.
• E)MU_A/MU_B equals the ratio of the price of A to the price of B.

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Definitions:

Millimeters

A unit of length in the metric system equal to one thousandth of a meter.

Animal Flesh

The muscle and fat tissues of animals, typically used as food by humans or other animals.

Metaphorical Definition

Describing a concept or idea by referring to it as something that is symbolically or figuratively similar.

Literal Meaning

The basic or primary meaning of a word or phrase, without metaphor or exaggeration.